Daelim Industrial scoops USD 707 m Sadara JV deal

September 19/2011

(Arabian oil and gas) -- The
news follows Daelim's award of the USD 920 million main hydrocracker package
announced in July. South Korea's Daelim Industrial announced to the South Korean
stock exchange on Friday that it has signed a USD 707 million deal to build a
plant in Saudi Arabia, as part of the mommoth USD 20 billion Sadara joint
venture between Saudi Aramco and Dow Chemical. In the regulatory filing, the EPC
firm told the exchange that contract is for delivery in 2014, without giving
further specifics of the contract. The news follows Daelim's award of the USD
920 million main hydrocracker package announced in July.